Seriously this totally pisses me off! Why are drug dealers using this currency which can be untraceable and unlinkable if proper security measures are taken with it? This is totally going to scare away Grandma Smiths Home Made Cookie vendor from using Bitcoin! And we all know that if it were not for the drug dealers Grandma Smith would totally love to use a complex open source virtual currency peer-to-peer network to accept virtual non-backed currency. Grandma Smith totally has an incentive to use this currency because her customers totally want to learn how to use a complex massive distributed P2P network to send untraceable unlinkable virtual coin payments for their cookies.

Seriously this totally pisses me off! Why are drug dealers using this currency which can be untraceable and unlinkable if proper security measures are taken with it?

If you could actually know this to be so, then either you are the dealer or the system doesn't work.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

I believe Steve Gibson, of Security Now, called it the "crypto-dilemma". On one hand, it could be tool of political activists to resist repressive states such as China and Libya. On the other hand it could be used as a tool to launder money from kidnapping operations and organized crime activities.

On one hand bitcoin could be used as a tool for political activists to resist oppressive states such as China and Libya. On the other hand, bitcoin could be used by political activists (ie: silkroad) to resist oppressive states such as the USA and EU. Much like how Tor can be used as a tool for political activists in China and Libya to resist oppressive states, and can also be used by political activists in USA and EU to resist oppressive states. If Bitcoin is a threat or not largely depends on how brainwashed you are by your respective government. Much like Tor, Bitcoin is a weapon against statists in general. The government will love using it to attack other governments, and will fear it being used to attack their own power over their own slaves.

Maybe Grandma has normal age-related arthritis...And is buying meds on the internet to manage her symptoms...Because her doctor is afraid to prescribe appropriate medications...Because the Government has demonized and criminalized virtually all drugs...That are not Billion Dollar Cash Cows for Crony Pharma Capitalists.

Meanwhile, the Government is busy building 100s of minimum security prisons...So they can lock up Grandma after the FBI seizes all her computers.

Maybe Grandma has normal age-related arthritis...And is buying meds on the internet to manage her symptoms...Because her doctor is afraid to prescribe appropriate medications...Because the Government has demonized and criminalized virtually all drugs...That are not Billion Dollar Cash Cows for Crony Pharma Capitalists.

Meanwhile, the Government is busy building 100s of minimum security prisons...So they can lock up Grandma after the FBI seizes all her computers.

Seriously this totally pisses me off! Why are drug dealers using this currency which can be untraceable and unlinkable if proper security measures are taken with it? This is totally going to scare away Grandma Smiths Home Made Cookie vendor from using Bitcoin! And we all know that if it were not for the drug dealers Grandma Smith would totally love to use a complex open source virtual currency peer-to-peer network to accept virtual non-backed currency. Grandma Smith totally has an incentive to use this currency because her customers totally want to learn how to use a complex massive distributed P2P network to send untraceable unlinkable virtual coin payments for their cookies.

Wooh! I totally wasn't aware. I'm really uneasy about using cash and/or Bitcoin because people are using it to exchange goods and services that I don't approve of. Isn't there something I could use where everything is monitored and watched by the government so we don't ever do things others don't like?

Wooh! I totally wasn't aware. I'm really uneasy about using cash and/or Bitcoin because people are using it to exchange goods and services that I don't approve of. Isn't there something I could use where everything is monitored and watched by the government so we don't ever do things others don't like?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

Maybe Grandma has normal age-related arthritis...And is buying meds on the internet to manage her symptoms...Because her doctor is afraid to prescribe appropriate medications...Because the Government has demonized and criminalized virtually all drugs...That are not Billion Dollar Cash Cows for Crony Pharma CORPORATISTS.

Meanwhile, the Government is busy building 100s of minimum security prisons...So they can lock up Grandma after the FBI seizes all her computers.

Seriously this totally pisses me off! Why are drug dealers using this currency which can be untraceable and unlinkable if proper security measures are taken with it? This is totally going to scare away Grandma Smiths Home Made Cookie vendor from using Bitcoin! And we all know that if it were not for the drug dealers Grandma Smith would totally love to use a complex open source virtual currency peer-to-peer network to accept virtual non-backed currency. Grandma Smith totally has an incentive to use this currency because her customers totally want to learn how to use a complex massive distributed P2P network to send untraceable unlinkable virtual coin payments for their cookies.

Welcome stzee, others may disagree, but the more humor and sarcasm in this board the better IMHO. Keep up the good work, cant believe so many took the bait.

"Illegal stuff will be a niche for Bitcoin," admits Andresen. "That bothers me, but it's just like any currency. You can't stop dollar bills from being used for the drug trade either. That's an unfortunate feature of any cashlike system."

People are the weakest link in any organization's security -- even a criminal one like a drug distribution network. Law enforcement was able to catch dealers when they use cash... what makes people think BitCoin will hinder law enforcement efforts?

Spare some BTC for a biology student? 1DZcEUEo9rX7LQWcYzVR6Btqj2sMqRznbB

I was thinking about illegal trade activities and I suddenly started to wonder if the BTC market would eventually start to divide so that pristine, newly generated coins would be more expensive than coins that have gone through many transactions. Maybe there could even be a scheme where newly generated blocks could be used to buy drugs without making a transaction; the private keys would be exchanged for the (illegal) products and then the vendor would cash the money just as if he was the originator. This would require a high level of trust between the participants, of course. But it would still be safer than dealing with large amounts of actual paper money.

The problem with bitcoins is traceability, but if the dealing was done with the private keys, no transactions would be needed until someone wanted to exchange their BTCs for an officially recognized currency.